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Reply to "Are contingencies being accepted again? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]The new normal seems to be no contingencies in the first 48-72 hours. If the house is not under contract quickly, then you can put in an offer with contingency or contingencies. Houses in high demand areas are still going quickly and without contingencies, but if the lurking pouncers don't grab a house within the first 72 hours, you have more leeway.[/quote] When people say "no contingencies" are you saying no contingencies at all, including the financing contingency? [/quote] From my experience, "no contingencies" means no optional contingencies. The only one that is typically state or county mandated is the HOA contingency. I've heard of two friends who had "no contingency" bids on their properties and buyers use the HOA contingency to get out of it. But no financing, no appraisal, no inspection, and no prior home sale contingencies.[/quote]
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